This week’s crypto stories ranged from policy and payments to market stress and Bitcoin infighting. Trump fueled fresh crypto speculation during the launch of Trump Accounts, Sony Bank won OCC approval for a stablecoin trust structure, and Strike rolled out bitcoin-backed loans designed to avoid price-triggered liquidations. At the same time, Michael Saylor stepped into the BIP-110 spam debate, while LAB imploded in a brutal 48-hour collapse that reignited fears around manipulation and insider control.
WEEK IN REVIEWKey Takeaways
Key Takeaways.Trump said on July 6 he’s “a big crypto guy,” keeping BTC-in-Trump Accounts speculation alive.Sony Bank won OCC approval on July 7, pushing stablecoin trust competition deeper into TradFi.LAB fell 90% in 48 hours, raising pressure on CEXs as July 2026 unlock fears spread.‘I’m a Big Crypto Guy’: Trump Fields Bitcoin Question as $1,000 Trump Accounts Go Live
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OCC Clears Sony Bank to Open Connectia Trust for USD Stablecoin Business
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Jack Mallers’ Strike Cuts Bitcoin Loan Terms to 6 Months to Kill Price Liquidations
Editor’s comment:The company says the loans will be “volatility-proof,” and cap LTV at 45% while carrying a roughly 2.95% rate premium. The product aims to improve on its regular loan product that launched in May 2025. Telling investors not to fear liquidations on products like this sounds like a big ask, but maybe Strike should be given a chance.
Michael Saylor Declares Bitcoin Has ‘No Spam Problem’ as BIP-110 Debate Escalates
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LAB Token Crashes 80% to $1.25 as $5B Market Cap Vanishes in 48 Hours
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